ByteDance in talks with India’s Reliance for investment in TikTok

Chinese giant ByteDance is engaging with India’s Reliance Industries Limited, the parent firm of telecom giant Jio Platforms, for investment in TikTok’s India operations in a move to potentially save the short form video app’s fate in its biggest market by users, two people familiar with the matter told TechCrunch. The two companies began conversations […]

Google invests $4.5 billion in India’s Reliance Jio Platforms

Google has become the latest high-profile investor in India’s Reliance Jio Platforms. The search giant is investing $4.5 billion for a 7.7% stake in the top Indian telecom network, Reliance Jio Platforms chairman said on Wednesday.
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Qualcomm to invest $97 million in India’s Reliance Jio Platforms

Qualcomm has become the latest high-profile investor in four-year-old Reliance Jio Platforms, which has raised more than $15.7 billion in the past 12 weeks from as many investors. On Sunday evening, Qualcomm Ventures said it will invest $97 million in Reliance Jio Platforms to acquire a 0.15% equity stake in the top Indian telecom operator. […]

Intel to invest $253.5 million in India’s Reliance Jio Platforms

Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India’s top telecom operator in recent months. The chipmaker’s investment arm said it is acquiring a 0.39% stake in Jio Platforms, giving the Indian firm a valuation of $65 […]

India approves Facebook’s $5.7 billion deal with Reliance Jio Platforms

India’s antitrust watchdog has given its blessing to Facebook and Reliance Jio Platforms for their $5.7 billion deal. In a statement on Wednesday, the Competition Commission of India said it had approved Facebook’s proposed multi-billion-dollar investment in Jio Platforms for a 9.99% stake in the top Indian telecom network. The announcement comes a week after […]

India’s richest man built a telecom operator everyone wants a piece of

As investors’ appetites sour in the midst of a pandemic, a three-and-a-half-year-old Indian firm has secured $10.3 billion in a month from Facebook and four U.S.-headquartered private equity firms. The major deals for Reliance Jo Platforms have sparked a sudden interest among analysts, executives and readers at a time when many are skeptical of similar […]